A continuing chronicle of how democracy is being destroyed across the entire European Union.
This blog is henceforth exploring various means whereby democracy may now be restored within or to the EU's formerly independent nation states now that economic chaos looms following the euro currency's apparently deliberate self-destruction, as long predicted on this blog? (Changed 23/11/10)

Friday, December 30, 2011

Der Spiegel exposes the EU's Euro Lies. Mass resignations required!

The article is here. Visit the page where you can see the horrendous graphic of the present capital requitements of the EU's banks, if you have not such time then consider the following quote, with facts constantly spelled out on this blog for two long years, but now from Germany, the ultimate payee country itself:

Simply put, without a common currency, Greece's problems wouldn't have spilled over into Spain and Italy. And, without this risk of contagion, politicians and central bankers wouldn't be staggering from one crisis summit to the next, ever driven by the fear that the currency union might break apart.Without the euro, Greece could recover more easily. It could devalue its currency and thereby make its national economy competitive once again.

Indeed, without the euro, Greece wouldn't have ever gotten into this calamitous situation in the first place. The fact that it was a member of the currency union was the only thing that allowed the country to borrow money at such favorable rates and get itself up to the neck in debt.

The article, even then goes on into a second part, to admit that the entire bail out procedure for Greece has been an illusion! Again exactly as this blog has been drumming on about day after day, week after week, month after months after years! Another quote:

With debts amounting to 150 percent of GNP, Greece is de facto bankrupt. Over the course of 2011, even the leading representatives of the euro zone finally accepted this fact -- after having claimed its opposite a year previously.

This explains why the first bailout package for Greece was, to put it mildly, based on an illusion.

So serious financial fraud has been perpetrated against the people of the EU, as long alleged by this blog, mainly from the meeting room of the Heads of State in the Council of Europe, from which the appointed President of the Council, Herman Van Rompuy now has the gall to send out New Year Greetings and suppose a happy future for his new grandaughter, one of the new generation, he and his fellow tricksters have quite deliberately openy robbed. This gut wrenching performance is on video linked from one of the other posts made below earlier on this blog this afternoon.

How the Heads of State and political leaders of the EU member countries can sit in their palaces and chancelleries of Europe this coming weekend and celebrate the new year, is quite beyond me - they should instead be preparing to resign en masse!